Scheduled Airline Failure Insurance is available through selected Travel Agents, for the protection of the fare paying public travelling on a scheduled flight, purchased in the U.K. and travelling anywhere in the world.
The cover provided facilitates a refund of the ticket cost should an airline be unable to fulfill its obligation to its passengers due to financial failure, prior to the them travelling or provides for the cost of a return ticket in the event that the insured passenger is outside the U.K. at the time of the financial failure occurring.
Scheduled Airline Failure is a cost effective means for travellers to protect themselves.
Certificate Wording
Please click on the link below to view the details of what the Scheduled Airline Failure Insurance covers.
Failure Of Scheduled Airlines Insurance Certificate (PDF file)
Scheduled Airline News
As the financial situations of Airlines throughout the world is constantly changing, passengers are advised to opt for SAFI whenever they book flights. For any guidance relating to a carrier please contact us.
Passengers may please note that cover will not be granted on any ' start up ' airline without written consent of the Insurers, as well as any airline that has been flying Scheduled services for less than one year.
Following a number of telephone calls from flyers, we would advise that Scheduled Airline Failure cover is not available on either MAX JET, EOS or SILVERJET without written confirmation from Insurer.
Alitalia- Cover not available from 29th August 2008.
Zoom Airlines-Cover not available with effect from 28th August 2008 following financial difficulties.
Euro Manx- With effect from 9th May 2008. See Euro Manx website for other carriers accepting tickets.
Nationwide- Cover not available following the grounding of their aircraft with effect 2nd December 2007.
UK International- Cover not available as a new carrier.
Airblue- Cover not available at the present time.
Air Jamaica - Following press speculation that Air Jamaica will cease flying in or out of the UK after the 27th October 2007, we believe it would be prudent for Agents to review their policy on issuing tickets, where travel either out or to the UK occurs after the aforementioned date until the matter has been clarified. Scheduled Airline Failure will therefore not be operative where the tickets were issued after the 24th May 2007. All cover will still be operative where the tickets have been issued prior to the 25th May 2007, irrespective of the date of travel. We would stress that this is purely a precautionary measure, as no formal announcement has been made by the Airline and this notice should not in any way be taken as a few of the financial standing of the Airline.
Following the reorganisation of Varig and they being recently taken over SAFI cover has been reinstated for the new Organisation
The following Carriers have filed for Insolvency or are in Bankruptcy Protection. They are therefore not covered under the Scheduled Airline Failure Protection policy with effect from the date of filing : -
Nationwide with effect from 29th April 2008, although no cover has been operative since 2nd December 2007
Eos with effect from 26th April 2008, although they have never been covered under the SAFI policy
Oasis with effect from 9th April 2008
City Star with effect from 1st February 2008
Maxjet with effect from 24th December 2007, although they have never been covered under the SAFI policy
Bolivian Carrier Lloyd Aereo Boliviano 4th April 2007
Swedish Carrier FLY ME with effect 2nd March 2007
Spanish Carrier AIR MADRID with effect from 15th December 2006.
Ajet (formely Helios Airways) although principally a charter carrier, ceased operations on the 2nd. November. In accordance with Underwriters terms as a 'start up' carrier scheduled airline failure is not operative.
BWIA have stated on the 8th September 2006 that they will not be operating any further flights after the 31st December 2006. Although they have stated that tickets will be honoured after the 1st of January 2007 by Caribbean Airlines, at the present time no cover is available on tickets issued on BWIA after the 8th September 2006.
Austrian Carrier STYRIAN SPIRIT with effect from 27th. March 2006.
U S Carrier FLY i INC. with effect from 7th. November 2005
Greek Carrier OLYMPIC with effect from 18th. October 2005
Swedish Carrier SWEFLY ceased flying from 2nd. September 2005